502 N Robinson St · Baltimore, MD 21205

$175,000

2 bd · 1.0 ba · 1,114 sqft · Townhouse public records · 27 Days on market

Built 1915 Est $167k · at est.

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +23.6/30.0
• DSCR +7.6/10.0
• 1% rule +5.5/10.0
• ARV discount +5.4/15.0
• Rent growth +5.0/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 502 N Robinson St, a prime property nestled in the heart of charming Baltimore City. This home is perfect for a savvy investor looking to add value or make it their own. Situated just minutes away from major highways, this property offers easy access to all that Baltimore has to offer. Whether you're looking to renovate or expand your portfolio, this is the opportunity you've been waiting for! Don't miss out on this chance to create your vision.

Key facts

• Covered front porch
• Quartz countertops
• Open main floor plan

Tags

• COVERED FRONT PORCH
• OPEN MAIN FLOOR PLAN
• CUSTOM FEATURE WALL
• BRAND NEW HALF BATH
• STAINLESS STEEL APPLIANCES
• QUARTZ COUNTERTOPS

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Electric hot water
• Home design: Interior townhouse/rowhouse
• Construction: Brick construction; Built-up roof; Other type foundation; Above-grade and below-grade structures; Basement present (partially finished)
• Exterior features: Patio(s); Two or more access/exit points

Interior

• Kitchen: Built-in microwave; Dishwasher; Gas oven/range; Stainless steel appliances
• Bedrooms: Two bedrooms on the first upper level
• Flooring: Carpet
• Bathrooms: One full bathroom on the upper level; One half bathroom on the main level
• Heating & cooling: Forced air heating (natural gas); Central air conditioning
• Interior features: Open floor plan; Combination dining and living area; Dining area; Galley kitchen; Chair railings; Ceiling fan(s); Tub with shower; Partially finished basement
• Laundry & utility: Washer and dryer; Laundry located on lower floor

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $175k.

Deal economics

• At list price, monthly cash flow is $330 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Recommended offer: $172k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.6% vs local median 6.0% in Baltimore — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 76/100 on livability (#90 in MD, #3,396 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, housing A+; Watch: schools D, crime F.
• Baltimore City Public Schools (urban): math 7% / reading 16% proficiency, ranked #24 of 24 in MD (top 100%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 79% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+9.9%/yr); 143 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• At $1,837/mo this rent would consume 51% of the median local household income ($43k/yr) (locally 966% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Baltimore County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $49k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 27 days — a 2% lower offer ($172k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 26y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $70k; list at $175k implies a 150% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1915 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $172,375 (1.5% below list)

Questions for the listing agent

1. Built in 1915 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.05% ✓
• Cap rate: 8.56%
• Cash-on-cash: 8.09%
• DSCR: 1.36
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $167,100
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
629 N Kenwood Ave	0.27mi	2/1.5	1,100 (-1%)	1mo	$76,500	$70	83
149 N Highland Ave	0.26mi	2/1.0	1,170 (+5%)	1mo	$75,000	$64	78
14 S Curley St	0.41mi	2/1.0	1,092 (-2%)	1mo	$269,000	$246	77
134 N Curley St	0.26mi	2/2.0	1,170 (+5%)	1mo	$270,000	$231	75
2703 Jefferson St	0.31mi	3/1.0 (+1)	1,170 (+5%)	2mo	$102,500	$88	71
3135 Mcelderry St	0.06mi	3/2.0 (+1)	1,224 (+10%)	1mo	$234,000	$191	71
122 Ellwood Ave	0.23mi	3/1.5 (+1)	1,200 (+8%)	0mo	$235,000	$196	69
111 N Highland Ave	0.31mi	3/1.5 (+1)	1,170 (+5%)	1mo	$105,000	$90	69
2712 Ashland Ave	0.43mi	3/1.5 (+1)	1,164 (+4%)	1mo	$175,000	$150	65
2736 Mura St	0.65mi	3/2.0 (+1)	1,120 (+0%)	0mo	$81,000	$72	59
410 N Patterson Park Ave	0.65mi	3/1.0 (+1)	1,180 (+6%)	0mo	$180,000	$153	55
2435 Jefferson St	0.51mi	3/1.0 (+1)	1,260 (+13%)	1mo	$140,000	$111	49

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 1.2%
• Equity multiple: 1.05×
• Total profit: $2,352
• Equity at exit: $26,093

10-year hold

• IRR: 15.1%
• Equity multiple: 2.49×
• Total profit: $73,201
• Equity at exit: $15,131

Cash invested: $49,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 12 Strongly Tenant-Friendly
• State Maryland: 27 Tenant-Leaning · D+14
• County: — inherits STATE
• City Baltimore: 12 Strongly Tenant-Friendly · D+58

Just-cause for tenancies > 1 yr.

Methodology + full state rankings →

ZIP-level market 21205

• Home prices YoY: -5.8%
• Rents YoY: 9.9%
• Active inventory: 143
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,837 high
• Mortgage (P&I): −$918
• Tax from tax record: −$130 /mo · $1,564/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$386
• Net cashflow: $330

Break-even live

Break-even rent $1,419

Max offer price $175,000

Occupancy floor 77%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
404 N Robinson St Baltimore, MD	3.0	3.0	1320	$2,100	$1.59	16d	1	0.06mi
404 N Robinson St Baltimore, MD	3.0	3.0	1320	$2,200	$1.67	23d	1	0.06mi
520 N Decker Ave Baltimore, MD	2.0	1.0	1000	$1,650	$1.65	43d	1	0.09mi
3304 McElderry St Baltimore, MD	3.0	2.0	1413	$1,900	$1.34	43d	1	0.13mi
203 N Ellwood Ave Unit Main Baltimore, MD	2.0	2.0	880	$2,200	$2.50	23d	1	0.15mi
2934 E Monument St Baltimore, MD	2.0	1.0	1200	$1,499	$1.25	43d	1	0.21mi
3205 Esther Pl Baltimore, MD	2.0	2.0	960	$1,850	$1.93	23d	1	0.21mi
2815 Orleans St Baltimore, MD	2.0	1.0	1204	$1,600	$1.33	2d	1	0.23mi
150 N Curley St Baltimore, MD	2.0	2.5	1266	$1,850	$1.46	17d	1	0.24mi
2800 Orleans St Baltimore, MD	3.0	1.0	1404	$1,600	$1.14	14d	1	0.25mi
2800 Orleans St Baltimore, MD	3.0	1.0	1404	$1,600	$1.14	17d	1	0.25mi
718 N Curley St Baltimore, MD	3.0	3.0	1500	$2,000	$1.33	4d	1	0.25mi
113 N Clinton St Baltimore, MD	2.0	1.0	1300	$1,995	$1.53	43d	1	0.25mi
724 N Curley St Baltimore, MD	3.0	3.0	1500	$2,200	$1.47	4d	1	0.26mi
29 N Ellwood Ave Baltimore, MD	3.0	1.5	1100	$2,395	$2.18	23d	1	0.26mi
17 N East Ave Baltimore, MD	2.0	2.0	1326	$2,550	$1.92	23d	1	0.27mi
415 N Belnord Ave Baltimore, MD	2.0	1.0	1008	$1,300	$1.29	23d	1	0.30mi
531 N Belnord Ave Baltimore, MD	2.0	1.5	1100	$1,700	$1.55	23d	1	0.30mi
34 N Linwood Ave Baltimore, MD	2.0	1.5	1288	$2,400	$1.86	23d	1	0.32mi
627 N Lakewood Ave Baltimore, MD	3.0	2.5	1175	$1,900	$1.62	21d	1	0.35mi
10 N Streeper St Baltimore, MD	3.0	2.5	1440	$2,500	$1.74	23d	1	0.37mi
415 N Glover St Baltimore, MD	2.0	2.5	1092	$1,600	$1.47	23d	1	0.37mi
3430 E Baltimore St Baltimore, MD	3.0	2.5	1316	$2,250	$1.71	23d	1	0.38mi
502 N Glover St Baltimore, MD	2.0	1.5	827	$1,250	$1.51	20d	1	0.39mi
218 N Glover St Baltimore, MD	2.0	2.0	1360	$1,750	$1.29	43d	1	0.40mi
2729 Ashland Ave Baltimore, MD	3.0	1.0	1000	$1,350	$1.35	2d	1	0.40mi
2608 McElderry St Baltimore, MD	3.0	1.0	1144	$1,550	$1.35	23d	1	0.40mi
2608 E Fayette St Unit 1 Baltimore, MD	2.0	1.0	900	$1,700	$1.89	14d	1	0.41mi
127 N Glover St Baltimore, MD	2.0	1.5	1110	$2,100	$1.89	2d	1	0.42mi
225 N Luzerne Ave Baltimore, MD	3.0	1.0	1198	$1,350	$1.13	19d	1	0.42mi
106 S Bouldin St Baltimore, MD	2.0	3.0	1134	$2,100	$1.85	20d	1	0.42mi
3413 Leverton Ave Baltimore, MD	2.0	1.0	832	$1,000	$1.20	23d	1	0.43mi
3436 Leverton Ave Baltimore, MD	3.0	3.5	1500	$2,350	$1.57	23d	1	0.44mi
102 S Curley St Baltimore, MD	2.0	1.5	1200	$1,800	$1.50	4d	1	0.44mi
127 S Robinson St Baltimore, MD	2.0	1.5	1400	$2,000	$1.43	43d	1	0.44mi
517 N Rose St Baltimore, MD	3.0	1.0	845	$1,400	$1.66	4d	1	0.45mi
227 N Rose St Baltimore, MD	2.0	4.0	1420	$1,600	$1.13	23d	1	0.46mi
233 N Rose St Baltimore, MD	2.0	2.5	934	$1,750	$1.87	17d	1	0.46mi
230 N Rose St Baltimore, MD	2.0	1.5	1200	$1,545	$1.29	43d	1	0.47mi
224 N Rose St Baltimore, MD	2.0	2.5	1120	$1,875	$1.67	17d	1	0.47mi

Listing history 40 events

1. 2026-06-18
   days on market $175,000 Active 27 DOM
2. 2026-06-17
   days on market $175,000 Active 26 DOM
3. 2026-06-16
   days on market $175,000 Active 25 DOM
4. 2026-06-15
   days on market $175,000 Active 24 DOM
5. 2026-06-13
   days on market $175,000 Active 22 DOM
6. 2026-06-09
   days on market $175,000 Active 18 DOM
7. 2026-06-08
   days on market $175,000 Active 17 DOM
8. 2026-06-07
   days on market $175,000 Active 16 DOM
9. 2026-06-04
   days on market $175,000 Active 13 DOM
10. 2026-06-03
    days on market $175,000 Active 12 DOM
11. 2026-06-02
    days on market $175,000 Active 11 DOM
12. 2026-06-01
    days on market $175,000 Active 10 DOM
13. 2026-05-31
    days on market $175,000 Active 9 DOM
14. 2026-05-22
    listed $175,000 Active
15. 2024-12-03
    soldstatus $70,000
16. 2024-10-31
    soldstatus $70,000 Closed 460-char remark

    Show marketing remark (460 chars)

    Welcome to 502 N Robinson St, a prime property nestled in the heart of charming Baltimore City. This home is perfect for a savvy investor looking to add value or make it their own. Situated just minutes away from major highways, this property offers easy access to all that Baltimore has to offer. Whether you're looking to renovate or expand your portfolio, this is the opportunity you've been waiting for! Don't miss out on this chance to create your vision.

17. 2024-10-16
    status Pending 460-char remark

    Show marketing remark (460 chars)

    Welcome to 502 N Robinson St, a prime property nestled in the heart of charming Baltimore City. This home is perfect for a savvy investor looking to add value or make it their own. Situated just minutes away from major highways, this property offers easy access to all that Baltimore has to offer. Whether you're looking to renovate or expand your portfolio, this is the opportunity you've been waiting for! Don't miss out on this chance to create your vision.

18. 2024-10-02
    soldstatus $672,972
19. 2024-09-24
    listed $80,000 Active 460-char remark

    Show marketing remark (460 chars)

    Welcome to 502 N Robinson St, a prime property nestled in the heart of charming Baltimore City. This home is perfect for a savvy investor looking to add value or make it their own. Situated just minutes away from major highways, this property offers easy access to all that Baltimore has to offer. Whether you're looking to renovate or expand your portfolio, this is the opportunity you've been waiting for! Don't miss out on this chance to create your vision.

20. 2019-08-02
    status Pending
21. 2019-07-25
    historical
22. 2019-07-18
    status Active
23. 2019-06-26
    listed $10,000 Active
24. 2019-06-26
    historical
25. 2015-10-09
    historical
26. 2015-10-02
    soldstatus $15,000 Sold
27. 2015-10-02
    soldstatus $15,000
28. 2015-04-21
    status Contingent (No Kick Out)
29. 2015-04-20
    historical
30. 2015-04-13
    listed $15,000 Active
31. 2015-04-13
    listed $15,000
32. 2003-12-15
    soldstatus $18,000
33. 2003-10-13
    historical
34. 2003-03-07
    listed $20,000
35. 2000-07-31
    soldstatus $7,000
36. 2000-05-31
    historical
37. 2000-04-15
    listed $20,090
38. 1996-11-07
    soldstatus $44,100
39. 1991-05-14
    soldstatus $20,105
40. 1989-01-03
    soldstatus $19,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MD · Partial reset (capped growth)

• Current annual tax: $1,564 · $130/mo
• Projected year-2 tax: $1,736 · $145/mo
• Expected delta: +$172/yr (+$14/mo · 11.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 6 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,043
• − Mortgage interest: −$9,803
• − Property taxes: −$1,564
• − Insurance: −$875
• − Repairs & maintenance: −$1,763
• − Management: −$1,763
• − Depreciation: −$5,091
• Taxable income: $1,183
• Est. tax owed @ 24.0%: −$284
• After-tax cash flow: $3,678/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Baltimore City Public Schools
• NCES district ID: 2400090
• Math proficiency: 7% ▼ -9.00%
• Reading proficiency: 16% ▼ -5.00%
• Median HH income: $42,108
• Composite: 10.08/100
• National rank: #9805
• State rank: #24 of 24 in MD

Livability — Baltimore

• Score: 76/100
• State rank: #90
• US rank: #3396

Category grades

Amenities A+ Commute A+ Cost of living A- Crime F Employment C Housing A+ Health & safety A+ User ratings D-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Baltimore, MD
• County: Baltimore City · 558,601 people
• City population: 588,727
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 13,013
• Household income: $43,176
• Rent vs Own: 63.6% rent · 36.4% own
• Severe rent burden: 966.0

Population outlook (Baltimore County) Hauer SSP2

• Today (2025): 624,249 people
• By 2030: 621,541 · -0.4%
• By 2040: 609,756 · -2.3%
• By 2050: 597,249 · -4.3%
• By 2075: 552,236 · -11.5%
• By 2100: 513,934 · -17.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: Black 60% Hispanic / Latino 16% White 14% Two or more races 11% Asian 3%
• Hispanic origin (detail): Mexican 1% Cuban 1% Dominican 4%
• Common ancestry: Slovak 3% Romanian 1%
• Foreign-born: 16% · Canada, China
• Languages at home: 79% English-only · Spanish 11% Arabic 4% Chinese 1%

Political lean MEDSL · Baltimore

• 2024 margin: Solid D (+73.0) · D 85.2% · R 12.2% · Other 2.6%
• 2008→2024 swing: -2.5pp toward R · 2008: 75.5pp · 2024: 73.0pp
• All cycles: 2024: D+73.0 2020: D+76.6 2016: D+74.6 2012: D+76.4 2008: D+75.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -15.03%
• Current HPI: 244.1345
• Rent YoY: ▲ 9.88%
• Metro: Baltimore-Columbia-Towson, MD
• State GDP YoY: ▲ 2.97%
• F500 in state: 12

Industry mix (Fortune 500 HQ in MD)

Industry	F500 HQs	Revenue
▸Aerospace / Defense	1	$71B
▸Utilities	1	$25B
▸Hotels	1	$24B
▸Consumer Goods	1	$7B
▸Real Estate	1	$6B
▸Chemicals	1	$2B

Price history

+821.1% since first listed

27 events — show timeline

• 2026-05-22 Listed $175,000 BRIGHT MLS
• 2024-12-03 Sold (Public Records) $70,000 Public Records
• 2024-10-31 Sold (MLS) $70,000 BRIGHT MLS
• 2024-10-16 Pending — BRIGHT MLS
• 2024-10-02 Sold (Public Records) $672,972 Public Records
• 2024-09-24 Listed $80,000 BRIGHT MLS
• 2019-08-02 Pending — BRIGHT MLS
• 2019-07-25 Listing Removed — BRIGHT MLS
• 2019-07-18 Relisted — BRIGHT MLS
• 2019-06-26 Listing Removed — BRIGHT MLS
• 2019-06-26 Listed $10,000 BRIGHT MLS
• 2015-10-09 Delisted — MRIS
• 2015-10-02 Sold (MLS) $15,000 BRIGHT MLS
• 2015-10-02 Sold (MLS) $15,000 MRIS
• 2015-04-21 Pending — MRIS
• 2015-04-20 Listing Removed — BRIGHT MLS
• 2015-04-13 Listed $15,000 MRIS
• 2015-04-13 Listed $15,000 BRIGHT MLS
• 2003-12-15 Sold (MLS) $18,000 MRIS
• 2003-10-13 Delisted — MRIS
• 2003-03-07 Listed $20,000 MRIS
• 2000-07-31 Sold (MLS) $7,000 MRIS
• 2000-05-31 Delisted — MRIS
• 2000-04-15 Listed $20,090 MRIS
• 1996-11-07 Sold (Public Records) $44,100 Public Records
• 1991-05-14 Sold (Public Records) $20,105 Public Records
• 1989-01-03 Sold (Public Records) $19,000 Public Records

Property tax history

+1.2%/yr

Latest (2025): $1,564 · +14.1% YoY. Source: county tax records.